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Notes Online

Welcome to Notes Online. 

We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.

Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.

Document Type

Publication

Pages

242

Published

January 21, 2022

Notes Online Home 2021/22 Tax Hot Spots

This publication, as a whole, is available in HARDCOPY only.

 These seminar notes cover the following topics:

  • What’s new
  • Other new developments
  • Directors’ issues
  • ATO targets cryptocurrency
  • CGT update
  • Trust update
  • The latest on Division 7A
  • Tax Practitioner Board Update

Chapters and Articles in 2021/22 Tax Hot Spots

ATO targets cryptocurrency

CGT Update

New ATO ruling on companies claiming the CGT small business concessions

New law provides CGT exemption for certain granny flat arrangements

Recent case provides guidance on CGT consequences for a partner when retiring

Directors’ issues

The latest on the Director Identification Number regime

Directors and Superannuation Guarantee Charge (‘SGC’)

Director denied deduction for the costs of managing the company’s tax affairs

Other New Developments

Government announces changes to the taxation of ‘Employee Share Schemes’

Faster write-offs for intangible assets

Refreshed ATO ruling on the character of software receipts and royalties

ATO ‘clamps down’ on use of lease residual strategy

The latest on Division 7A

Tax Practitioner Board Update

New guidance on ‘supervisory arrangements’

Guidance on protecting clients’ TFNs

TPB ‘ramps up’ its Continuing Professional Education (‘CPE) requirements

NEW TPB Practice Note on ‘proof of identity’ requirements for client verification

Trust update

Latest trust capital gain and non-resident beneficiary appeal decision handed down

Discretionary trust holds firm in family law dispute

Discretionary trusts – how private are the financials?

What's New

Government changes improve the tax treatment of self-education expenses

Saving tax under the extended ‘Loss carry-back’ rules

Property transfer voided 16 years prior to an individual’s bankruptcy

New ATO guidance on ‘vacant land’ rules

Managing accelerated depreciation

Trust update